In 2000, a part of Rs. 30 lakhs was invested in Company P and the rest – InterviewSolution

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1.	In 2000, a part of Rs. 30 lakhs was invested in Company P and the rest was invested in Company Q for one year. The total interest received was Rs. 2.43 lakhs. What was the amount invested in Company P?
Answer» Let Rs. x lakhs be invested in Company P in 2000, the amount invested in Company Q in 2000 = Rs. (30 - x) lakhs. Total interest received from the two Companies after 1 year = Rs. [(7.5% of x) + {9% of (30 - x)}] lakhs = Rs. 2.7 - 1.5x lakhs. 100 2.7 - 1.5x = 2.43 x = 18. 100

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